Committed Funds definition
Examples of Committed Funds in a sentence
Uncleared transactions (for example, uncleared cheques) should be reported in the 'Committed Funds' line on the Annual Return (Form 4) and not reported as 'spent funds'.
Provided that only such portion of their AUM / Committed Funds as is proportionate to their shareholding in the consortium will count towards the eligibility criteria of AUM / Committed Funds (without double counting).
When an expenditure is incurred for which committed, assigned, or unassigned fund balance are available, the District considers amounts to have been spent first out of Committed Funds, then Assigned Funds, and finally Unassigned Funds, as needed.
Effective aggregated TNW of the consortium shall be calculated basis Net worth/ TNW/ AUM/ Committed Funds in proportion to the respective shareholding of sole individual investor(s)/ Body Corporates/ FIs/ Funds/ PE.
In such event, a corresponding reduction shall be made for such Lender in the Schedule of Committed Funds under the Agreement relating to such Lender’s obligation thereunder.